The Gas Superstore buys Coalville industrial warehouse for £1.1m2nd April 2014

Kitchen appliance and fireplace supplier The Gas Superstore has bought a 20,506 sq ft industrial warehouse on Bardon Industrial Estate, on Reg's Way, in Coalville for £1.1 million.

The purchase of Unit 1 will enable the Leicester based firm to expand its current operation and consolidate its existing base of warehouses into one central distribution centre. The Gas Superstore will be recruiting 12 new warehouse staff members as a direct result of the move.

Commercial agency Mather Jamie acted on behalf of tenant Sun Chemical Ltd to agree a deal that would surrender the firm’s lease and achieve an onward sale of the Bardon Industrial Estate warehouse.

Alex Reid of Mather Jamie said: “As Sun Chemical still had until 2020 to run on its lease, it was imperative we find a suitable tenant or purchaser for the premises.

“We were able to attract The Gas Superstore as a purchaser, which allowed Sun Chemical to surrender their existing lease.

“The location of the warehouse within the Bardon Industrial Estate was a particular selling point, being around three miles from the M1 and 11 miles from Leicester.

“The current lack of large warehouse space in the county also made Unit 1 an attractive purchase and a good investment to the incoming purchaser as Sun contributed towards the purchase to secure the surrender of their lease.”

Paul Fenn of The Gas Superstore said: “For a number of years we’ve had smaller warehouses dotted around the Wigston area, but this move has allowed us to bring them together, as well as providing more space for our growing business.

Unit 1 comprises 18,644 sq ft (1,732.04 sq m) warehouse and office space to the ground floor and 1,862 sq ft (172.98 sq m) of office space to the first floor, plus a large loading yard and generous parking.

Written by Richenda Oldham